Commerce Past Questions And Answers
Commercialization of government corporations brings about an increase in the level of?
- A. money supply in the economy
- B. distrust among business operators
- C. competition among business operators
- D. social responsibility
The type of marine insurance which covers either damage or loss to the vessel and such as caused by it to other vessel is?
- A. hull insurance
- B. time insurance
- C. freight insurance
- D. cargo insurance
the central bank carries out its monetary policy through?
- A. discounting bills
- B. credit ceilling
- C. replacement of worn out notes
- D. bank rates
Which of the following is formed in order to enforce the rights and powers of buyers in relation to sellers?
- A. Consortium
- B. Trade Association
- C. Consumer Association
- D. Holding company
The refund of a duty which had been paid on imported goods that are later re-exported is known as
- A) customs drawback
- B) mate's receipt
- C) surtax
- D) export tax
An acquired firm in a merger will always receive a?
- A. premium
- B. grant
- C. share
- D. discount
The completion of the production process by grading and branding of goods is a function of the
- A. transporter
- B. wholesaler
- C. retailer
- D. consumer
Which of the following is the quickest and accurate means of communication?
- A. Telegram
- B. Express mail
- C. Courier services
- D. Telex
Selling a bill in less than the face of the value for immediate cash before the due date is to?
- A. retire the bill
- B. honour the bill
- C. discount the bill
- D. protest the bill
The nominal value of share of a public limited limited company is 50k and the market value is 65k. The company's share is selling?
- A. above par value
- B. at par value
- C. below par value
- D. ex dividend